Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
Millions of cardholders will be able to use their Wirecard-issued cards again from today. Last night the Financial Conduct Authority (FCA) lifted its restrictions on Wirecard and allowed the fintech firm to resume its services.
The regulator intervened and suspended Wirecard’s activity last Friday following the discovery of €1.9bn missing from the firm’s German parent company, Wirecard AG. EY, the auditor of Wirecard stated that there were “clear indications that this was an elaborate and sophisticated fraud, involving multiple areas around the world in different institutions, with a deliberate aim of deception.”
The regulator’s focus was to make sure that the money of customers held in safeguarded accounts was protected. Wirecard-issued cards operated under e money and payment services regulations and this means the funds held on them is not protected by the Financial Services Compensation Scheme (FSCS). Instead the regulation requires that monies connected to the operation of the cards is held in bank accounts which are not connected to the trading activities of the issuing company.
After a period of review between the FCA and Wirecard, they have now decided that the firm can continue to operate and enable the usage of their cards. However, Wirecard remains under close supervision by the FCA and, while it can return to offering e-money and payment services, it does have restrictions on where assets can be held and transferred.
Cards issued by Wirecard in the UK under the Mastercard scheme will be allowed to operate from today and any cardholders experiencing difficulties should contact their card provider. However, in an announcement made on Saturday 27 June 2020, Visa has decided to remove authorisation of payments through Wirecard-issued cards. The global payments company said in its statement “We’re sorry if this has impacted your ability to pay or access funds, and recommend you contact the company that provided your card to receive more information.”
Find out more about digital banking apps and cards.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes Plum's easy access cash ISA, fixed-rate mortgage deals and first direct's current account switching deal.
Everyone knows Christmas can be an expensive time of year, with the cost of food, presents and socialising quickly amounting. If you’re looking to make your money stretch a little further this festive season and beyond, we list some of the top cashback credit cards currently available.
Earn up to £125 cashback with American Express; find a 0% introductory purchase rate from Santander.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes Plum's easy access cash ISA, fixed-rate mortgage deals and first direct's current account switching deal.
Everyone knows Christmas can be an expensive time of year, with the cost of food, presents and socialising quickly amounting. If you’re looking to make your money stretch a little further this festive season and beyond, we list some of the top cashback credit cards currently available.
Earn up to £125 cashback with American Express; find a 0% introductory purchase rate from Santander.
Moneyfactscompare.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie PolicyMoneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.